Systematic Financial Management LP Raises Position in Materion Corp. (MTRN)
Systematic Financial Management LP boosted its position in shares of Materion Corp. (NYSE:MTRN) by 49.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,188 shares of the company’s stock after buying an additional 23,940 shares during the period. Systematic Financial Management LP owned 0.36% of Materion Corp. worth $1,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTRN. Legal & General Group Plc increased its stake in shares of Materion Corp. by 16.2% in the first quarter. Legal & General Group Plc now owns 4,544 shares of the company’s stock worth $122,000 after buying an additional 632 shares during the period. Renaissance Technologies LLC increased its stake in shares of Materion Corp. by 127.0% in the first quarter. Renaissance Technologies LLC now owns 47,100 shares of the company’s stock worth $1,247,000 after buying an additional 26,350 shares during the period. Geode Capital Management LLC increased its stake in shares of Materion Corp. by 11.5% in the first quarter. Geode Capital Management LLC now owns 139,521 shares of the company’s stock worth $3,693,000 after buying an additional 14,409 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Materion Corp. by 21.9% in the first quarter. Goldman Sachs Group Inc. now owns 129,746 shares of the company’s stock worth $3,436,000 after buying an additional 23,320 shares during the period. Finally, Uniplan Investment Counsel Inc. increased its stake in shares of Materion Corp. by 0.4% in the first quarter. Uniplan Investment Counsel Inc. now owns 156,577 shares of the company’s stock worth $4,146,000 after buying an additional 548 shares during the period. Institutional investors own 90.74% of the company’s stock.
Shares of Materion Corp. (NYSE:MTRN) traded up 1.82% during mid-day trading on Thursday, hitting $31.91. The company had a trading volume of 40,108 shares. Materion Corp. has a 12 month low of $20.62 and a 12 month high of $35.21. The company has a market cap of $637.15 million, a PE ratio of 25.73 and a beta of 1.49. The firm has a 50-day moving average of $28.91 and a 200-day moving average of $26.61.
Materion Corp. (NYSE:MTRN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Materion Corp. had a return on equity of 5.55% and a net margin of 2.60%. The business had revenue of $249.80 million for the quarter, compared to the consensus estimate of $235.29 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. On average, analysts expect that Materion Corp. will post $1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.38 annualized dividend and a yield of 1.21%. Materion Corp.’s payout ratio is currently 31.40%.
A number of analysts have issued reports on MTRN shares. TheStreet raised Materion Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research downgraded Materion Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.
Materion Corp. Company Profile
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
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